Odaily News Now is the mid-summer harvest period. Bloomberg ETF analyst Eric Balchunas reposted and commented: This is a very valid point, and it is why Grayscales situation reminds me very much of traditional high-cost actively managed mutual funds. They What should they do: drop to 30 basis points to compete with Vanguard and lose all their profits instantly, or hold out until the last drop of blood? Bogle suggests they choose the former because its too late for them and they You can also make a lot of money on the way out.